Monthly Archive: July 2017

On Tuesday, Alexander Vinnik, a Russian citizen suspected of leading a money laundering operation, was arrested in Greece for accumulating more than $4 billion (£3 billion) of bitcoin without following anti-money laundering (AML) protocols and regulations, and allegedly laundering those… Read more >

The European Union is becoming more strict about enforcement of anti-money laundering (AML) laws and regulations utilizing its new directive (AMLD4) to manage risks of money laundering, crime organizations, and terrorism especially in areas of high vulnerability such as crowdfunding… Read more >

ExxonMobil Corp, the world’s largest publicly traded international oil and gas company that earned $7.8 billion on revenues of about $219 billion last year, has been fined $2 million by OFAC for signing a joint venture with Russia’s Government owned… Read more >

The International Anti-Corruption Coordination Centre (IACCC) will be launching a multinational effort to combat grand corruption which can include bribery of public officials, embezzlement, abuse of power and money laundering of profit from illegal activity. At the time of the… Read more >

Between 2013 and 2016, Juan Pablo Granda, a citizen of Ecuador and former director of operations for NTR Metals Miami, along with two former workers from a Miami-area refinery, took part in a vast money laundering scheme by importing more… Read more >

An investigation by the Israeli police began in November 2016 regarding the possibility of a €430 million (USD $480 million) bribery scheme involving German shipbuilder ThyssenKrupp. Accusations were made that Prime Minister Benjamin Netanyahu’s private lawyer and second cousin, David… Read more >

A joint committee set up by the Thai government has accused an, as yet, unnamed Malaysian company of being a “transnational crime syndicate”, causing the kingdom to suffer financial losses worth billions of Baht (1 billion Baht = approximately 29.3… Read more >

In Paris, a Latvian bank, Rietumu Banka, was fined 80 million euros ($91 million USD) for participating in a money laundering scheme involving at least 200 million euros and has also been barred from operating in France for five years…. Read more >

With international standards rising, the Dominican Republic (DR) makes an effort to integrate new regulations into their own legal framework. Beginning June 1, 2017, the Executive Power of the DR promoted the new anti-money laundering (AML) and Terrorist Financing Act… Read more >

Luis Gustavo Moreno Rivera, the Chief of Anti-Corruption in Colombia, and Leonardo Luis Pinilla Gomez, an attorney in Colombia, were arrested on the basis of a criminal complaint filed in a federal Miami court for allegedly conspiring to launder money… Read more >